The company, which trades as Currys, PC World and Carphone Warehouse in its home market, Elkjop and Elgiganten in Nordic countries and Kotsovolos in Greece, said like-for-like group sales rose 2 percent in the 16 weeks to April 29, its fiscal fourth quarter, ahead of a company compiled consensus of 0.9 percent growth.

Like-for-like sales in the UK and Ireland rose 2 percent, driven by a strong electricals performance.

Prior to Wednesday’s update analysts were on average forecasting a pretax profit of 490 million pounds for 2016-17, up from 447 million in 2015-16.